Financial Management Quality and Mission Fulfillment of Religious Organizations in the Dutch Caribbean Union
DOI:
https://doi.org/10.37354/reej.2024.2.1.002Keywords:
financial management, mision fulfillment, religious organizations, qualityAbstract
The primary aim of this study was to ascertain the presence of a significant correlation between the quality of financial management (FMQ) and institutional mission fulfillment (IMF) among the Seventh-day Adventist Churches of the Dutch Caribbean Union. This analysis was conducted based on the perceptions provided by the pastor, first elder, and treasurer of these churches.
The methodology used to conduct the study was a quantitative, descriptive, cross-sectional, and correlational design. The sample chosen was non-probabilistic. The instrument used to collect the necessary data on the variables of the study was a questionnaire developed by Meza, Borraz and Gumeta (2013) reporting a Cronbach Alpha of .903 and Charnichart (2018) reporting a Cronbach Alpha of .952; effective and efficient questionnaires to collecting data within a relatively short timeframe.
Based on the statistical test conducted, it can be concluded that there is a significant correlation between FMQ and the IMF, with the income administration dimension having a higher correlation. Furthermore, based on the responsibility of the three groups: "first elder", "pastor" and "treasurer", this study also concludes that the pastor group held a higher perception of the FMQ compared to both the first elder and treasurer groups. There is a significant difference regarding the FMQ between the pastors and treasurer’s groups. Regarding the IMF, the study also concluded that among the groups of pastors, first elder, and treasurer, the group of pastors had a higher perception of IMF compared to the group of first elder and treasurer. In the case of their perception of the IMF, there is a significant difference between the pastors and the first elders and between the pastors and the treasurers.
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